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Morningstar

Angel Oak Multi-Strategy Income A ANGLX

Morningstar Medalist Rating
Medalist Rating as of | See Angel Oak Investment Hub
  • NAV / 1-Day Return 8.42  /  0.01 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.790%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.92%
  • Effective Duration 3.44 years

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 11:13 PM GMT+0

Morningstar’s Analysis ANGLX

Will ANGLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ANGLX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ANGLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ANGLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Angel Oak Multi-Strategy Income A's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ANGLX

More ANGLX Holdings
  • Current Portfolio Date
  • Equity Holdings 7
  • Bond Holdings 1116
  • Other Holdings 48
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

4.59
132,852,994
—

Lsalt 2019-1B Pt

3.33
96,291,144
Securitized

First American Government Obligs U

2.88
83,297,866
Cash and Equivalents

Government National Mortgage Association

1.95
56,309,844
Securitized

Government National Mortgage Association

1.71
49,525,100
Securitized

Goldman Sachs Mtg Pass Thru Tr 2022-1 4.57%

1.65
47,807,909
Securitized

GS MORTGAGE-BACKED SECURITIES TRUST 2022-LTV1 3%

1.50
43,531,172
Securitized

Angel Oak Financials Income Impact Ins

1.34
38,659,767
—

Government National Mortgage Association 5%

1.30
37,717,765
Securitized

Government National Mortgage Association 5%

1.30
37,662,396
Securitized